Payment out of the EFRBS is a pension

No

If the scheme had been a registered pension scheme, would the payment satisfy pension rules:

- 1 and 3; and
- 4 or 6? (NIM02767 and NIM02768)

Yes

Payment cannot be disregarded in the calculation of earnings

No

Is the pension payable until the employee's death at least once a year?

Yes

Payment can be disregarded in the calculation of earnings. See NIM14610 for Class 1A position.